Update on Maritza MaximinaMaritza has decided to continue working with Kiva loans in order to improve her business. She wants to make a new investment in clothes: shirts, vests, skirts, shorts, pants, and other types of garments, that will allow her to improve her inventory and be able to fulfill the demands of her customers. She also sells local dishes out of her business, like sweets, yuca, etc.
She says that the previous loan allowed her to make a greater income and to be able to finish the construction of her house. Through her efforts in her business and savings, she is very content to have a house of her own.
Ella comenta que el préstamo anterior le permitió generar ganancias y poder finalizar la construcción de la casa, a través de su esfuerzo en el negocio y ahorrando, está muy contenta de tener una casa propia.
Previous Loan DetailsMaritza lives with her two children and manages a sale of staple goods and clothing, activities that she has developed on her own. Her hours are variable as she sells out of her home. She seeks this credit to stock her store with clothing items such as blouses, shirts, dresses and to maintain a… More from Maritza Maximina's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Dec 15, 2012
- Jan 3, 2013
- Currency Exchange Loss:
- May 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.